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i mean like the government department that exists to do nothing, a court case that never ends, that's something that you might find. the dust heaps in our mutual friend. the city dwarfed by its own garbage. you have these larger than life surrealistic images which are powerful because they're grafted on to the real world. because they grow out of the real world they gain power. they don't become just whimsical. >> charlie: are you agreeing with that, simon? >> oh, god, life. there's something hall use nation about dickens' prose. sometimes you ask yourself what's this guy on? there's a wonderful passage in the christmas carol where he says of majerle's former house. it was up a yard which it had so little business to be in that you couldn't help fancying that it might have run there as a young house playing hide and seek with other houses. once a writer has written that he's tampering with your brain in a most thrilling way. >> charlie: tell me about his home life and his wife and his wife's sister. >> he was married for 23 years to catherine whose father ran the newspaper the morning
i mean like the government department that exists to do nothing, a court case that never ends, that's something that you might find. the dust heaps in our mutual friend. the city dwarfed by its own garbage. you have these larger than life surrealistic images which are powerful because they're grafted on to the real world. because they grow out of the real world they gain power. they don't become just whimsical. >> charlie: are you agreeing with that, simon? >> oh, god, life. there's...
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Dec 26, 2012
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that's why we have government. fix it. a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> as the holiday season comes to a close, the early numbers suggest that what started out strong is now ending in a whimper. mastercard spending cost unit estimates that sales rose 0.7% over the past two months compared to a year ago, which would be the weakest pace of annual growth since 2008, at the height of the financial crisis. earlier this morning, cnbc spoke with michael mcnamara from mastercard. >> beginning of december when we start to see sales come down, the confidence numbers also start to come down. it's something that the media coverage really has brought home and really clarified what the fiscal cliff means to personal finance. that debate really seems to be acting, it's almost creating a sense of gravity that's p
that's why we have government. fix it. a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> as the holiday season comes to a close, the early numbers suggest that what started out strong is now ending in a whimper....
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Dec 26, 2012
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government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux guarantees of fixing the original faux guarantees as the intrusion really did get worse. i take you back to september of 2008 when the gses were put in the conservatorship and then treasury secretary paulson said the following quote. i attribute the need for today's action, talking about conservatorship, primarily to the inherent conflict and flawed business model embedded in the gse government sponsored enterprise structure and to the ongoing housing correction. well, first of all, how many experts have we had on lately that have said housing is doing much better. today's kate shiler seems to
government, i take that back, only can government, period, including the u.s. government turn a detour into a four-lane highway, okay? let's talk about infusion. governments tried to create faux guarantees when they set up the gses when they created the structure of special financing and faux guarantees whether they were applied or assumed, we all know how it turned out. taxpayers ended up getting the bill when government took over the space. and then we get all the faux guarantees of fixing...
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Dec 26, 2012
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but also more people may turn to charities if their own government benefits are cut. so charities are expecting a tough 2013. >> ifill: jacque simon, if i'm an employee of the pentagon or some place which there are tens of thousands of employees, is there any possibility that any deal that that come up with is going to disproportionately affect a department like that or does that happen across the board? >> well, everything as it is right now is determined by the -- a law that was passed in 2011, the budget control act. that's what set in motion this trigger for sequestration. in that law, roughly half was supposed to go to the department of defense and half in nondefense agencies. but given that, they will be -- that's one of the things that there's uncertainty among federal employees also, because we don't know yet how much discretion agencies will have and how they implement their cuts. and, again, a lot of focus is on sequestration, those automatic cuts. but that law also put in place spending caps that will affect cuts that are even larger than the sequestration
but also more people may turn to charities if their own government benefits are cut. so charities are expecting a tough 2013. >> ifill: jacque simon, if i'm an employee of the pentagon or some place which there are tens of thousands of employees, is there any possibility that any deal that that come up with is going to disproportionately affect a department like that or does that happen across the board? >> well, everything as it is right now is determined by the -- a law that was...
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Dec 26, 2012
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harvested data from dozens of high-poverty schools, schools where at least 40% of the students qualify for government-subsidized lunch. >> we looked at about 40 different variables, and we put that into a big statistical analysis and said we want factors that are highly reliable and also yield a large number of kids in trouble. >> narrator: and within this chaotic tangle of data, the team found something revealing. >> and basically out of this mix, four came out really strong. and that was our sort of eureka moment. i saw kids waving their hands, saying, "help-- help me stay on track." >> narrator: the data showed that if a sixth-grade child in a high-poverty school attends school less than 80% of the time, or fails math or english, or receives an unsatisfactory behavior grade in a core course, that absent effective intervention, there is a 75% chance that they will drop out of high school. >> it may seem far less than rocket science, but it's something that in fact schools by and large have not paid attention to. >> a 90, a 91... >> narrator: schools have long collected statistics on absences, behavior and of
harvested data from dozens of high-poverty schools, schools where at least 40% of the students qualify for government-subsidized lunch. >> we looked at about 40 different variables, and we put that into a big statistical analysis and said we want factors that are highly reliable and also yield a large number of kids in trouble. >> narrator: and within this chaotic tangle of data, the team found something revealing. >> and basically out of this mix, four came out really strong....